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Jul 13, 2012
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you know how to reach us, e-mail us at worldwide@cnbc.com. becky? >>> we did see a bit of respite for the italian debt, but it didn't last long at all. we have a successful auction of three-year italian debt with the average yield falling from last time around. that did give a bit of respite for various points along this curve. but now having dropped back below 6% on the ten-year italian debt, we are back above 6%. in fact, 6.03% is where we are on the ten-year italian debt. similarly, we may see the euro pick up, but now back below 1.22. after we had a moment of calm, it looks like the concerns that prompted moody's prince, to cut their rate of italy by a couple notches. >> that's right, becky. thanks for that. you're watching "worldwide exchange." if you're just tuning in this morning, these are your headlines. china grows at its slowest pace in three years. italy's borrowing costs fall despite a two-notch downgrade by moody's. and jpmorgan expected to shed more lights on trading losses when it reports second quarter results in just about 5 minut2
you know how to reach us, e-mail us at worldwide@cnbc.com. becky? >>> we did see a bit of respite for the italian debt, but it didn't last long at all. we have a successful auction of three-year italian debt with the average yield falling from last time around. that did give a bit of respite for various points along this curve. but now having dropped back below 6% on the ten-year italian debt, we are back above 6%. in fact, 6.03% is where we are on the ten-year italian debt. similarly,...
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Jul 12, 2012
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tweet us @cnbcwex. becky? >> shares of india has been hit hard on disappointing sales outlook. we'll ask the ceo how to grow in tough economic times. we'll be right back. this morning. let's turn our attention now the latest news out of farnborough. irish aircraft has announced a $2.3 billion commitment to boeing. a avalon ordered boeing's aircraft bringing their total fleet up to 135 planes. we have ceo of avalon on set with us to discuss this decision. why boeing? >> well, as we sort of move forward with the development of aircraft, airlines all over the world are looking for more fuel-efficient aircraft. and the boeing 737 max really delivers that for airlines, so we have very strong conviction that this aircraft is going to be in big demand on a global basis. >> how much of a difference does it make for you when you project your cost out to have a little bit lighter weight aircraft versus boeing's rivals? >> it's the fuel efficiency. fuel is about 40% of an airline's operating costs. so even a 1% sa
tweet us @cnbcwex. becky? >> shares of india has been hit hard on disappointing sales outlook. we'll ask the ceo how to grow in tough economic times. we'll be right back. this morning. let's turn our attention now the latest news out of farnborough. irish aircraft has announced a $2.3 billion commitment to boeing. a avalon ordered boeing's aircraft bringing their total fleet up to 135 planes. we have ceo of avalon on set with us to discuss this decision. why boeing? >> well, as we...
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Jul 23, 2012
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will is still with us. will, give us your view of the japanese economy. over a year now from the nuclear disaster and the floods. where are we? >> i think if you look at the outlook for japan, it's a long term structural difficulty that they got. don't forget as well while they are making this transition away from nuclear power that has meant you got limits on the electricity usage in the household sector. still an economy struggling to find its role in the global economy looking ahead. look at the competition, we were talking earlier to the competition of philips and lg and samsung. why are we not talking about the big japanese companies. they have not figured how they will play a major role in the global economy, where will they invest and grow. you got great companies sitting on large amounts of cash they are not coming to grips how this can become a major driver. >> okay. stick around. more to come from you. >> let's get a look on what's on the agenda in asia. hsbc releases its preliminary reading on china pmi data. that kicks off a full day of flash
will is still with us. will, give us your view of the japanese economy. over a year now from the nuclear disaster and the floods. where are we? >> i think if you look at the outlook for japan, it's a long term structural difficulty that they got. don't forget as well while they are making this transition away from nuclear power that has meant you got limits on the electricity usage in the household sector. still an economy struggling to find its role in the global economy looking ahead....
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Jul 9, 2012
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what can you tell us? >> the interesting thing about this event this year there seems to be real split in the at the entrepreneur of defense versus commercial. a lot of enthusiasm. on the defense side everybody realizes we're in an environment where around the world it's tighter defense budget. our next guest is the best person to bring in on this, the ceo of raytheon. do you look at this and say it's too hard to say. >> right now we're facing tighter defense budget time but at the same time world events drive these things and things change rapidly where we are right now we're positioning, a lot of us are repositioning our portfolios to meet the new environment. for the most part defense budgets are still fairly strong. >> i know you're in a quiet period. investors are always worried when defense budgets tighten that profitability is going to shrink for the defense companies and shrink at a moment's notice. how confident are you that you can grow profit over the next two or three years in a tighter defense
what can you tell us? >> the interesting thing about this event this year there seems to be real split in the at the entrepreneur of defense versus commercial. a lot of enthusiasm. on the defense side everybody realizes we're in an environment where around the world it's tighter defense budget. our next guest is the best person to bring in on this, the ceo of raytheon. do you look at this and say it's too hard to say. >> right now we're facing tighter defense budget time but at the...
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Jul 18, 2012
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us. carolyn will run for now. thanks very much and we'll keep an eye on the credit suisse story throughout the morning. >>> dow jones, spanish banks total bad loans are increasing. 155.84 billion in may. bad debt is now just 9% of the total loengz in may. that may have implication as well for the amount of money that must be put into spnish banking sector. swedish bank posted a larger than expected net profit thanks to wider lending margins. the ceo told us the condition is coping with current conditions. >> you can say we are adjusting our whole new business model to the new normal, which is lower growth, very low interest rates and all these new requirements on bank, regulation and so on. i think the fundamental think is to make sure we run the bank more efficiently in terms of funding and liquidity costs. >> swedbank has seen profits drop, but better than expected. the ceo had this so say about the guidance. >> the depth of the crisis in the real economy are starting to show here. but
us. carolyn will run for now. thanks very much and we'll keep an eye on the credit suisse story throughout the morning. >>> dow jones, spanish banks total bad loans are increasing. 155.84 billion in may. bad debt is now just 9% of the total loengz in may. that may have implication as well for the amount of money that must be put into spnish banking sector. swedish bank posted a larger than expected net profit thanks to wider lending margins. the ceo told us the condition is coping with...
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Jul 26, 2012
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joining us is steven major. steven, great to see you. thanks for joining us. are these -- how sustainable are these current yields? how much time does spain of a? >> lots of people are focusing on the key numbers, 7% and even 8% for the ten year. what really matters is the short term funding rate and the bill market moving towards 5%, which is very high by bill standards in europe. even greece was issuing bills for a yield less than 5% at the height of the crisis. spain has time and it can fund itself in the shorter maturities. it can probably do so right the way through to the end of this year. they've done 70% of the target for this year. there's new debts they have to assume for the regions and there's the bank recaps still overhanging the kingdom of spain. but overall i think they can get through to later this year. and the big hope and it is a hope is that by then there will be a bit more of durable solution in place for europe. it's impossible for any one country to deal with its problems on its own. it needs to bet the help from brussels. >> steven, hol
joining us is steven major. steven, great to see you. thanks for joining us. are these -- how sustainable are these current yields? how much time does spain of a? >> lots of people are focusing on the key numbers, 7% and even 8% for the ten year. what really matters is the short term funding rate and the bill market moving towards 5%, which is very high by bill standards in europe. even greece was issuing bills for a yield less than 5% at the height of the crisis. spain has time and it...
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Jul 19, 2012
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get in touch with us on "worldwide exchange". e-mail us at world orlando or e-mail us @cnb c.w. ex. >>> top chip makers report stellar profit. the fund may not last into the fourth quarter. we'll have more when we come back in just a few minutes. >>> >>> a number of other earnings. nokia is expected to post their results. they will need to sell some smart phones. shares have fallen by over 60% so far this year. >>> qualcomm's third quarter profits are up. the phone chip maker is cutting its fourth quarter expectations. company sees a very strong december quarter. qualcomm stock last night closing up just under 3%. >>> ibm second quarter profits rose 4% beating forecasts but revenues fell short of estimates for the fourth straight quarter. still big blue is raising its full year earnings outlook and that alleviated some concerns about weak tech spending. ibm saw strong june and confident about the current quarter and its shares there responding in 2.5% to the upside on that report. >> tmc has managed to deliver impressive earnings. the world's biggest contract chip maker report a
get in touch with us on "worldwide exchange". e-mail us at world orlando or e-mail us @cnb c.w. ex. >>> top chip makers report stellar profit. the fund may not last into the fourth quarter. we'll have more when we come back in just a few minutes. >>> >>> a number of other earnings. nokia is expected to post their results. they will need to sell some smart phones. shares have fallen by over 60% so far this year. >>> qualcomm's third quarter profits...
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Jul 4, 2012
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follow us @cnbcwex. or contact me, beccymeehan. >>> also coming up later on cnbc, we'll bring you special coverage of bob diamond's hearing before the uk treasury select committee. that's from 1:00 p.m. today. live testimony due to begin at 2:00 p.m. local time. that's 9:00 a.m. eastern time. quick look at what's going on on the asian markets today. we are seeing a bit of mixed trade really. several key markets are declining. but we have gains coming through, too, across australia, for instance, where we're up by over 1%. tracy is checking in, though, on all the details and joins us with more. tracey? >> good morning, beccy. love your dress, by the way. asian markets turn mix. those hopes for more stimulus from the world's top central banks beginning to wear off. china stocks struggle to stay in the green but ended mostly flat. petrol china was the biggest drag for the second straight day following a brokerage downgrade. hsbc posted its version of china services vmi in june. that sector dropped to a ten-
follow us @cnbcwex. or contact me, beccymeehan. >>> also coming up later on cnbc, we'll bring you special coverage of bob diamond's hearing before the uk treasury select committee. that's from 1:00 p.m. today. live testimony due to begin at 2:00 p.m. local time. that's 9:00 a.m. eastern time. quick look at what's going on on the asian markets today. we are seeing a bit of mixed trade really. several key markets are declining. but we have gains coming through, too, across australia, for...
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Jul 16, 2012
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get in touch with us. send an e-mail to worldwide@cnbc.com or tweet u us @cnbcwex or individually. >> you might find my twitter page has been quiet for the last week while on holiday. i don't like to tweet personal things. >>> coming up, premier wen has issued a growth warning as china faces continued risk and the rebound is uncertain. more on that when we come back. >>> welcome back to the program. beijing may be set to launch more stimulus after its midyear economic meeting that could be held this wednesday. the state-run chinese securities journal expects a policy blueprint for stabilizing the economy in the second half of the year. now, this could include more infrastructure spending, and they're also taking a look at further tax cuts. meantime, premier wen jiabao says china's recent policies are working to support the economy, but he has reportedly warned that risks remain and a rebound is uncertain. when hinted more needs to be done to prop up growth. >>> ben sivendorf is joining us for more. ben, wo
get in touch with us. send an e-mail to worldwide@cnbc.com or tweet u us @cnbcwex or individually. >> you might find my twitter page has been quiet for the last week while on holiday. i don't like to tweet personal things. >>> coming up, premier wen has issued a growth warning as china faces continued risk and the rebound is uncertain. more on that when we come back. >>> welcome back to the program. beijing may be set to launch more stimulus after its midyear economic...
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Jul 25, 2012
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e-mail us or tweet us @cnbcwex or get in touch with us individually. >>> just a note out of bank, sold a loan portfolio value near 100 million euro. trying to shed capital. it's going to to active capital. >>> s.a.we talked with mark hurd talked about the company's acquisition plans. >> we don't ever talk about acquisition, so we typically don't talk about it until after we've made them. from a partnership decision, we're looking to extend our partnerships. we're aggressive in mobile partners, systems integration firms, that can help implement and execute solutions. all kinds of partners. >> oracle has announced billions in share buy backs over the last several months. is there more to come or any plans to raise dividends instead? >> we have a broad authorization for buy back. we'll consider buying back stock per quarter. and we are very big believers in our own stock. >> how does oracle guarantee revenue, especially when it comes to hardware given what's going on in the eurozone? >> if you looked at what happened in the economy, i thought it was interesting. many companies in the tech
e-mail us or tweet us @cnbcwex or get in touch with us individually. >>> just a note out of bank, sold a loan portfolio value near 100 million euro. trying to shed capital. it's going to to active capital. >>> s.a.we talked with mark hurd talked about the company's acquisition plans. >> we don't ever talk about acquisition, so we typically don't talk about it until after we've made them. from a partnership decision, we're looking to extend our partnerships. we're...